Orion180 Insurance Group (NASDAQ:OIG) Major Shareholder Acquires $19,152.00 in Stock

Orion180 Insurance Group Inc. (NASDAQ:OIG) major shareholder Craig Darling acquired 1,900 shares of Orion180 Insurance Group stock in a transaction on Wednesday, September 23rd. The stock was purchased at an average price of $10.08 per share, with a total value of $19,152.00. Following the purchase, the insider owned 5,713,090 shares of the company’s stock, valued at $57,587,947.20. The trade was a 0.03% increase in their position. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Large shareholders that own more than 10% of a company’s stock are required to disclose their transactions with the SEC.

Craig Darling also recently made the following trade(s):

• On Tuesday, October 6th, Craig Darling bought 1,000 shares of Orion180 Insurance Group stock. The stock was purchased at an average price of $8.92 per share, with a total value of $8,920.00.
• On Tuesday, September 22nd, Craig Darling bought 6,990 shares of Orion180 Insurance Group stock. The stock was acquired at an average cost of $10.72 per share, with a total value of $74,932.80.
• On Monday, September 21st, Craig Darling bought 1,000 shares of Orion180 Insurance Group stock. The stock was purchased at an average cost of $11.62 per share, for a total transaction of $11,620.00.
• On Friday, September 18th, Craig Darling bought 100 shares of Orion180 Insurance Group stock. The stock was bought at an average cost of $11.72 per share, for a total transaction of $1,172.00.

Orion180 Insurance Group Trading Up 2.2%

Shares of NASDAQ OIG traded up $0.20 during midday trading on Monday, reaching $9.14. 43,645 shares of the stock were exchanged, compared to its average volume of 364,944. Orion180 Insurance Group Inc. has a 52-week low of $7.78 and a 52-week high of $12.06.

Analysts Set New Price Targets

Several research analysts have commented on OIG shares. Deutsche Bank Aktiengesellschaft assumed coverage on Orion180 Insurance Group in a research report on Tuesday, October 13th. They issued a “buy” rating and a $12.90 price objective on the stock. Royal Bank Of Canada began coverage on Orion180 Insurance Group in a research note on Tuesday, October 13th. They issued an “outperform” rating and a $15.00 target price for the company. UBS Group began coverage on Orion180 Insurance Group in a research note on Tuesday, October 13th. They issued a “buy” rating and a $14.00 target price for the company. The Goldman Sachs Group began coverage on Orion180 Insurance Group in a report on Tuesday, October 13th. They set a “buy” rating and a $13.00 target price on the stock. Finally, Citigroup started coverage on Orion180 Insurance Group in a research report on Tuesday, October 13th. They set a “market outperform” rating on the stock. One equities research analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating and two have issued a Hold rating to the company. According to data from MarketBeat.com, Orion180 Insurance Group has an average rating of “Moderate Buy” and an average price target of $14.98.

About Orion180 Insurance Group

Orion180 Insurance Group, Inc is an insurance holding company focused on personal property and casualty insurance. Through its affiliated insurance carriers and distribution businesses, the company provides coverage designed primarily for homeowners and other residential property owners.

The company uses a technology-driven platform to support insurance quoting, underwriting, policy administration, claims management, and customer service. Its product offerings have included homeowners insurance and related personal-lines coverage, with an emphasis on serving customers in markets exposed to severe weather and other property risks.

Orion180 was founded in 2016 and is headquartered in Melbourne, Florida.